Taxation Ruling

IT 2045H - Notice of Archival

Income tax: interest withholding tax - withdrawal of Australian entity/AIDC exemption

• Please note that the PDF version is the authorised version of this ruling.

FOI status:

may be released

NOTICE OF ARCHIVAL

This Ruling is archived. It applies only for the purposes of applying sections 128EA, 128G and 128GA of the Income Tax Assessment Act 1936.

Sections 128EA and 128G only apply to loans raised pursuant to commercial obligations entered into prior to 20 May 1983, and 128GA applies to loans raised prior to 1 July 1986. They were made inoperative by Income Tax Assessment Amendment Act (No. 2) 1983 (Act No 25 of 1983) and sections 25, 27 and 28 of Taxation Laws Amendment Act (No. 3) 1986 Act No 112 of 1986.

Commissioner of Taxation
9 December 1993

References

ATO references:
NO BXH

Related Rulings/Determinations:

IT 2045

Legislative References:
Section 128EA
128G
128GA